Match Each Statement with the Correct Term Below

question 71

Multiple Choice

Match each statement with the correct term below.
-Child & dependent care

• A)An employee may exclude up to $5,000 annually of these employer-provided services.
• B)If cash is received under this program, taxpayers are taxed on the amount of cash received.
• C)A salary reduction plan that allows employees to pay for medical and child care costs with before-tax dollars.
• D)A transfer of property without any profit motivation with an intention that includes affection, charity, and respect.
• E)Payments made into an employee's account are not taxable in the current period; taxation is deferred until funds are withdrawn.
• F)Employer provided benefit that may be excluded from income because the dollar amounts are too small for a reasonable accounting.

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Definitions:

Strong Positive Correlation

A relationship between two variables in which both variables move in the same direction with a high degree of association.

Correlation (r)

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Graduate Research Project

An extensive study typically undertaken by a student at the graduate level, involving original research or a comprehensive review of existing research on a specific topic.

Randomly Selects

A process of choosing items or individuals without a specific pattern, order, or preference, ensuring equal chance of selection.